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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

Question 1

When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?

A. Plug Account
B. Intercompany Entity
C. Intercompany Account
D. Is Plug Account

Question 2

When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?

A. Chart
B. Image
C. Header
D. Grid

Question 3

Which statement correctly describes what happens to parent entities during consolidation?

A. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
B. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
C. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
D. The changes in the relational database are synced to the underlying Essbase cube.

Question 4

How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

A. Drill-back to SDM is not an available feature.
B. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.
C. By selecting Track Multi-source Data Input option for Other Data during the application creation process.
D. Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.

Question 5

Which statement is FALSE about the Equity Pickup feature?

A. Seeded rule sets are provided for Equity Pickup.
B. Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
C. Equity Pickup rules are run on demand from the Rules card by users with launch permission.
D. Equity Pickup rules run as part of the consolidation process

Solutions: